Updated Dec 19, 2023
The Kislak Co. Inc Acquires 160-Unit Multifamily Building In Rahway For $26.5M
80 E Milton Ave, Rahway, NJ 07065, USA
$26,500,000
$22,083/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Oct 15, 2020
About this deal
AI
The multifamily property located at 80 E. Milton Avenue in Rahway has been sold for $26,500,000. The property consists of 160 units, with a price per unit of $165,625.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,500,000
- Units: 160
- Price Per Unit: $165,625
The sale was facilitated by The Kislak Co. Inc, acting as the brokers in the transaction.
The multifamily sale at 80 E Milton Ave, Rahway, NJ 07065, USA in Rahway, New Jersey sold for $26.5M in 2020. Reported inventory is 1,200 square feet across 160 units, or about 22.1K per square foot. Jeff Squires, Barry Waisbrod, Kislak appear on the sale alongside Kislak. This page is the Rahway, New Jersey file for the 80 E Milton Ave, Rahway, NJ 07065, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Rahway sit in the Market section below. Filter that Rahway multifamily set by closing date to see what else sold near 80 E Milton Ave, Rahway, NJ 07065, USA around 2020. Published consideration for 80 E Milton Ave, Rahway, NJ 07065, USA is $26.5M, dated 2020. Cite this The Kislak Co. Inc Acquires 160-Unit Multifamily Building In Rahway For $26.5M sale when underwriting similar multifamily product around Rahway, New Jersey.
Players
Rahway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93